Personal Loan

An unsecured personal loan from ₦2,500 to ₦1,000,000 over 61 days to 12 months, with no collateral, no guarantor and no hidden fees. Monthly interest runs 4.5%–30% (Carbon-stated APR up to 195%), and higher amounts unlock as you repay early and keep using the app. Representative: borrow ₦1,000,000 for 12 months at 4.5%/month → repay ₦1,540,000.

₦100,000You borrow

→

₦113,500You repay (installments)

₦13,500Interest cost

116%effective APRthey quote 4.50%/mo

Interest (4.5%/mo flat)	₦13,500
Monthly payment	₦37,833
Total repayment (installments only)	₦113,500

Recalculate:

₦

Flat rate — you pay ₦37,833 every month for 3 months. Interest is charged on the full principal throughout, even as your balance decreases. This is why the effective APR is higher than the quoted rate × 12.

Eligibility & requirements

Minimum age18 years

Maximum age60 years

CollateralNot required

GuarantorNot required

Min loan₦3k

Max loan₦1.0m

Disbursement⚡ minutes

Higher loan amounts unlock by repaying early and transacting on the app.

Documents needed:BVN, valid ID, linked bank account

Repay via:in-appdirect debitcard

Fine print that matters

CBN cooling-offUnder CBN guidelines, borrowers have a 72-hour period after disbursement in which they may repay the principal without incurring interest. Confirm this right with your lender before signing.

Our take

Carbon Personal Loan — unsecured naira loan ₦2,500–₦1,000,000, 61 days–12 months, no collateral/guarantor, no hidden fees, monthly 4.5%–30% (Carbon-stated APR up to 195%; true effective APR higher). Late fee 0.03333%/day on overdue. Fast in-app credit; limits grow with repayment history.